Fall and rise again, or rebound and fall?

The performance of the steel market today was mixed, and the spot prices increased in the afternoon following the rebound of the market, but the differences among different varieties were still relatively large.
At present, there is no high valuation of steel prices, and the demand has not been falsified. No matter whether it rises or falls, it has not gone out of the trend in a short time, and it will still be entangled. However, the market mentality, including the ambivalence of many traders returning to the market and eager to operate, is still obvious, for fear of missing the market and fear of making mistakes. From the perspective of demand, the resumption of infrastructure construction in the south is still relatively fast.
The resumption of work in some places is better than last year, but there are also many construction sites that are slower than last year. Most of the project purchases are heavy after mid-March. In terms of real estate, after the festival, the real estate intermediaries actively sang more, domestic second-hand housing sales recovered faster, but it will take time for investment, construction in progress, new construction area and other indicators, as well as the demand for steel products to recover.
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From the current point of view, the black disk drives the low-level rebound of the spot, which is synchronized with the recent fall of the US dollar, the suspension of production of copper mines, and the rebound of copper and crude oil prices.
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The market needs to pay attention to two aspects. The first is that the market will soon usher in the release of US CPI data. The market expects that the data will continue to go down. effective. So whether the relevant U.S. dollar index and the Fed’s interest rate hike can end early, and whether the market will reflect it in advance will also affect the trend of commodities. The second is that it takes time for demand to recover, and it is still a matter of time. The gap period is relatively long, and it is still necessary to do a good job in the volatility performance of the disk is greater than the spot. Judging from the current market resources and sentiment, the spot market is still dominated by small fluctuations, and there is no big market.
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